Blog

Apr

05

When Is The Best Time Of The Year To Sell My Home?

When is the best time of the year to sell my home?

I love this question but hate that homeowners ask it this way. Statistically in most places more homes sell in spring and summer than in the fall and winter months. But the answer to the question lies a layer or two deeper than that. This statistic may not mention the fact that there were simply more homes ‘for sale’ during those months and therefore makes it look as if the time of year is the only driving factor here.

Supply and Demand is one of the heaviest if not the heaviest driving force behind the answer to this question regardless of the time of year. Winter may not seem like the best time to sell but if the inventory of available homes is low and the demand is supporting average or better days on market, you might find that there is little to no advantage of waiting for the “sales season” only to be part of a much larger supply of inventory for the consumer to chose from.

When you sell your home, will you need to purchase a new one? If so, your now both a buyer and a seller. Now there are a lot of factors here including what price range you are selling in and what price range you are buying in because it can be likely that each of those ranges are performing differently. You’ll want to engage with a professional to help you see what’s happening in your market and how that will affect your entire buying and selling experience.

The price, area, condition, and location are all higher on the totem pole than the time of year. So many factors play into this. For example: In the Phoenix area you can still by great homes for under the FHA conforming loan limit of $270,050.00. Minimal down payment and favorable mortgage rates makes most well cared for houses in these price ranges a hot commodity. If your selling a home in this range, in a good area, that’s in good to great condition, your going to find success in any part of the year. A professional agent will help you maximize that success through advanced marketing and strategy. This is simply one example but area and price are big factors that indicate success throughout the year. That’s not to say that it only applies to this price range. It’s a case by case scenario.

Every year there are interesting little pockets of sale peaks and valleys. Most are predictable but few are dramatic enough to inspire a different course of action. It’s usually economic change on a much larger scale and timeline that affect the ebb and flow of Real Estate over a five to seven year cycle. Often these economic factors don’t care what time of year it is. When they shift, the real estate market must shift with it.